Globalization of business leads to ________.
A) increase in cost of production
B) lower profit margins
C) high pricing power for companies
D) more choices for customers

Question

Quizplus · Accepted Answer

The globalization of business leads to more choices for customers as companies expand their operations and reach beyond their local markets. This can result in increased competition and pressure on businesses to offer better products, services, and pricing to attract and retain customers. While there may be some increased costs associated with globalization, such as logistics and supply chain management, it can also lead to new opportunities for companies to innovate, collaborate, and grow their business. Overall, globalization can be both a challenge and an opportunity for businesses in today's highly connected and dynamic global marketplace.

Globalization of Business Leads to ________